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NexPoint Capital reports weekly ordinary distributions.

BANKING AND CREDIT NEWS-April 27, 2016-NexPoint Capital reports weekly ordinary distributions

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NexPoint Capital, Inc. has reported its intention to declare ordinary distributions on a weekly basis effective May 1, 2016, the company said.

The company is updating its distribution schedule to set Monday as the record date for each weekly ordinary distribution, and pay ordinary distributions on the date two business days after the last declared ordinary distribution of the month, the company said.

NexPoint has adopted an opt in distribution reinvestment plan (DRIP) for its shareholders, as described in the company's registration statement. As a result, if the company makes an ordinary distribution, shareholders will receive the distribution in cash unless they specifically opt in to the DRIP so as to have their distributions reinvested in additional shares of the company's common stock.

The company's current offering price for its common stock is USD9.83 per share as of April 20, 2016.

NexPoint Capital, Inc. is a healthcare-focused business development company sponsored by Highland Capital Management, L.P. and managed by NexPoint Advisors, L.P., an affiliate of Highland Capital Management, L.P. NexPoint Advisors, L.P., is an SEC-registered investment advisor to the closed end fund, NexPoint Credit Strategies Fund.

Highland Capital Management, L.P. is an SEC-registered investment adviser, which, together with its affiliates, has approximately USD17 billion of assets under management. Highland offers alternative investments, including emerging markets, long/short equities, and natural resources.

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Publication:M2 Banking & Credit News (BCN)
Date:Apr 27, 2016
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